"
HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI| THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital......... $30,000,000
INDIA, AUSTRALIA
AND CHINA-
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853
Reserva Funds;
Sterling.........
.$20,000,000
Head Office:-HONG KONG
Paid-Up Capital
£3,000,000 £6,500,000 Reserve Fund
£3,000,000 H.K. Currency Reserve 810,000,000 Reserve Liability of Pro- Reserve Liability of
prietors
£3,000,000 Proprietors
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/12, Leadenhall Street, E.C.3. West End Branch: 14/18, Cookipur Street, B.W.1. Manchester Branch: 59, Mosley Street, Manchester, 3.
""Board of Directors:
A. L. Shields, Esq.
69
W. H. Lock, Esq..
"Chairman. Deputy Chairman.
Hon. Mr. J. K. Bousfeld,
A. H. Compton, Esq.,
Hon. Mr. S. E. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq..
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,"
AGENCIES AND BRANCHES:
ALOE STAR AMEITBAR
BANGKOK
{BATAVIA
BOMBAY
CALCUTTA
KARACHI KLANG AGENCIES: TOBI
PENANG
• BARBIN BONG KONG BANGOON
SAIGON ILOILO IPOH
BEREMBAN SHANGHAI SINGAPORK SITIAWAN BOURABAYA TAIPING TJENTSIN TONGKAR
CLYN STRERT KUALA
Chief Manager. FAIBLIA PLACE
LUMPUR
KUCHINA
MADRAS
MANILA
Branches:
CANTON CAWNPORE CIBU
Amoy
Ipoh
Bangkok
Johore
Penang Rangoon
COLOMDO DELHI
MBDAN
Batavia
Kobe
Bombay
Kowloon
Saigon Sao
HAIPHONG
Calcutta
Kuala
Francisco
HAMBURO HANKOW
NEW YORK PRIPING
(Peking)
Chefoo
London
Singapore
Colombo
Lyons
Dairen
Malacca a
Foochow Manila
Haiphong Muar
Sourabaya Sungei
Patani Swntow
Canton Lumpur Shanghai
Hamburg (Johore) Tientsin
Bankow Mukden
Harbin New York Bongkow Peiping. Iloilo
Tokyo Tsingtao Yokohama
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur rencies on terms which will be quoted on application.
Also up to date SAFE DEPOSIT Boxes in various sizes To LET
Hong Kong, 5th June, 1900,
HONGKONG SAVINGS
BANK
(Bhuket) TEINOTAO TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Starling with. interest allowed at rates obtainable on application.
FINANCE
SHARE MARKET COMMERCIAL AVIATION:
REVIEW
·HÒNGKONG SHAREBROKERS
ASSOCIATION
The beginning of the week saw a steady market with indication of
ano
|
IMPRESSIVE RECORDS
OF TRAFFIC INCREASE
The Air Ministry's official report for 1938 records impres- sive increase in the volume of tramc carried.
Regular services operated on home air routes, between this country and the continent, and by Imperial Airways and asso- clated companies overseas accounted for 13,556,000 miles flown, or nearly three million more than in 1937.
climbed from } ==== Passenger-miles 49,729,000 to $54,267,000 and freight ton-miles from 804,600 to 904,000— both comparatively small
WEEKLY WHEAT
REPORT
REYNOLDS AND GIBSON RUBBER
(Per Payne & Co.)
Liverpool, July 11. London. -- Business has again
increasing demand for most listed stocks. Later, however, the market was overshadowed by the per simistic outlook regarding the outcome of the Anglo-Japanese, Tientsin negotiations. In conjunc- tion with this, the further drop in the Shanghai exchange resulted in unsettled market conditions, creases. Buyers no longer predominated Mall ton-miles, on the other and sellers were forced to accept hand, showed enormous expansion lower prices. There has been no from less than four million to undue selling pressure, neither in 9,335,000-reflection of the growth there any indication of nervou-of Empire airmail trafic offered on sness. The volume of business the flat rate. "all first class 'mall shows some Improvement over by. air." basis., Internal air ser- that recorded for the previous vices did well, aying approximately
3,257,000 miles," and carrying 147 week, HK Banks came m for
500 passengers and 1.200 tons of changea sustained enquiry
mails and freight. hands at $1340 tu $1330. With buyers at $1320. Union ins, were easier with sales at $105. There has been a fair business in Trams at $18.60 down to $16.50. Electries also came in for attention with business reported at $51 to $54 with shares obtainable at the lat-
MORE AMATEUR PILOTS ter figure at the close. Wharves
Some 74 light aeroplane clubs were easier at $104 and Lands could be obtained at $35. Hotels existed in Great Britain and were offering at $5.40 and Pro-Northern Ireland at December 31 vidents at $4.40. HK Docks were 63 were included in the Air Minis- obtainable at $17. China Lights, try's subsidy scheme. Aggregate of old shares were wanted at $8 with club flying members at the end of sales reported at $8.10 and the new the year was 9,100, of whom 3,960 shares had buyers at $5 with sales held "the "A" (amateur) pilot's licence, excluding "Civil Air Guard at $5.10.
trainees. Total number of C.A.G. enrolments was 5,762 of which 633 | Java were of women.
The Manila market has shown increased activity during the week, There has been a substantial im- |
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, an terms which may be ascertained at 3 ctvs, an any of the Agencies, and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
is conducted by the HONGKONG
& SHANGHAI BANKING COR PORATION. Rules may be obtain-
ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION,
7. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
BANK OF EAST ASIA,
LIMITED
Authorised Capital.....$10,000,000.00
Paid-Up Capital
Reserve and Undivided
Profita
5,598,600.00
2,683,83%D1
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
יו
J1
Board of Directori:
Sir Bhouson Chow, Chairman
Li Koon Chun) Esq- Li Lan Sang, Eng
P. E. Kwok, Esq.
Wong Chu Son, Esq.
Wong Yan Tong, Esq. Kan Ying Ta, Bag, Chan Ching Shok, Esq. Fung Fizg Wah Eng. Kan Tong Po, Esq., Chiet Manager. Li Tae Fong, Esq, Manager.
Komy
Batavin
Bombay Cakulta
Haiphong
Jankow Begolaki Kobe
Branches and Agencias :----
Kowloon" Penante
Bingapore
Indon Ratroon Востануть Manlik Halgoa Swatom Melbourne San Frac Sydney Nagnaka
cisco Tienter
New York Beattle Vancouver Paris Bemarang
Shangha
Feining
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local{ Currency and Fixed Deposits re ceived for one
shorter year or periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT Boxes To L.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
HEAD OFFICE;
18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANE, New Yons, with Resources over U.S.$2,500,000,000.
D. M. BIGGAR,
Second Vica Prez
31
SILVER MARKET
London, July 22 (Reuter).
LONDON SILVER
Registered aircraft within the Empire showed a small increase in the year from 3,197 to 3,260. Com- mercial pilots increased from 1.955 to nearly 2,200, private pilots from 7,552 to 8,700, and ground engineers from 3,961 to 3,500.
Serious accidents at home to civil
expansion of Hying. Ap-
been very quiet so that quotations have scarcely moved at all during the past week. Apart from the uncertainty over the barter deal and its application to rubber. ten- sion over Danzig and monetary al- terations in the US.A. have to- Bether contributed to the lack of enthusiasm for entering into fresh engagements.
Shipments for June, from the customary centres of production
are:-
Mayala Ceylon
1939 1939' 1939 June May April tons tons tonis
31,541 42,214 ·43,668 3,641 2,805 2.176
D.EL. Estate
tons
Metric Metric Metric
tons tons (prel.)..
6.165 4.072 5.466
Outer. Pos-
sessions
9,349 9,010 9,093
15:514 13,082 14,559
D.EI. Native
provement in the daily volume of aeroplanes were fewer than in any business recorded on that exchange year since 1933, in spite of tremen- and prices, almost without excep-dous tion, have advanced from ctv to proximately 4 million passenger-
mes, were flown "on regular ser- Outer Pos- 'vices for each passenger Ellied, and 3,400,000 aircraft-miles. were flown for each fatal accident-both figures well above the average of the seven-year period 1932-38.
H. K. STOCK EXCHANGE
This morning was a replica of most of the recent Saturday morn- ings and the market was in con- sequence idle.
BUYERS
HK, Lands 4% Deuentures, par H.K. Electrics, $531. Canton Ices, $1.
Wing On (HK), $41,
H.K. Govt. 4% loan, 44% H.K. Govt. 31 loan 99%,
SALES
H.K. Bank, $1330.
Antamok
THE WEEK
HONGKONG
SHAREBROKERS'
Volume of Business Transacted on Saturday, July 22, 1939 HK Banks .......... 10 1322.50 Trams - 200 16.50
sessions
12,688 11,596 14.295
28,202 24,678 28,854
Altogether for the frat six months of this year Malaya has shipped 247,088 tons as against 280,449 tons during Jan.-June, 1938, During last month the excess ship- ment which, with the carryover
ASSOCIATION for 1938 of 11.381 tons had amount- ed by the end of May to 14,212 tons, was reduced to about half this latter figure. As regards Cey- lon, during the first six months" of the year there. has, been an under- shipment of 1.227 tons which re- duced the excess shipment to 5,918 tons after taking into considera- tion the carryover of 7,145 tons at the end of last year.
PHILIPPINE GOLD MINING QUOTATIONS Saturday, 22, 1939
Atoks
11.00. 211
201
Artasnoks
221
BUSINESS DONE DURING
Bagulo Gold
21
3
Batong Buhay
013
Atoks
201
Benguet Consöl.'
221
Big Wedge
Baguio Gold
21
Coco Grove
24
Batong Bubay
0130
Consol. Mines
0015
Benguet Consolidated
11
Demonstrations
10
Big Wedge
211
IX. I.....
44
Coco Grove
24
Ipo Gold
181
Consolidated Mires......
0015
Itogons Mining .....
23
Demonstration
10
Mashates Consol.
124
I.X.L.
44
Mine Operations
12
Ipo Gold
161
North Camarines
25
Itogon Mining
231
Paracale "Gumaus
17
16-7/Bd.. 16-3/8d.
Masbate Consolidated
.12)
San Mauricio
93
Mine Operation
121
Surigao Consal.
21
North Camarines
254
Suyoc Consol
134
Parucale Gummaus San Mauricio ... Surigao Consolidated Suyoc Consolidated Sundicate Investment United Paracale Mindanao Motherlode
17
Syndicate Investment
032
93
United Paracales
422
21..
Mindanao "Motherjode
09
131
0320.
421 09
Silver-Little bear covering: Business small. Market Steady.
Spot ...
Forward
NEW YORK SILVER New York, July 22 (Reuter). Official Price, unquoted.
BOMBAY SILVER Bombay, July 22 (Reuter), Market-Quiet. Oftake 75 bars.
Ready
Indian Mint Silver
Aug. 11 Settlement Sept. 9 Settlement
11
45-12 45-06 45-00
DUTCH BANKS AMALGAMATE AMSTERDAM, July 22 (Reuter) Two of the biggest banks in the Netherlands are amalgamation,
It will be the biggest banking amalgamation in the history of the country.
PAID-UP CAPITAL $40,000,000.00 Chemical Engineers
(BEANCHES ALL OVER CHINA)
Owing to our numerous Branches
in China and connections in the
principal Commercial Centres of
To Have Congress
BERLIN, July, 23 (T/Ocean)
the World, we are able to extend Field-Marshal Goering has assum- to our Clients special facilities for ed the patronage of the Congress Domestic and Foreign Banking and of Chemical Engineers, which, will Exchange.
Head Office:-SHANGHAI
Hong Kong Branch;
4. QUEEN'S ROAD, C. South China Officen:"
CANTON SWATOW
KONGMOON TOISHAN
SHTUCHOW KINGCHOW
be held here from July 23 to 29. The congress is a sectional meet- ing of the "World Power Confer- ence" and will be presided over by Dr. Todt, inspector-general of German highways..
So far about 150 papers, have been received from the 12 mem- We also handle the issue of Bonds ber states of the World" Power and other Public Funds of the Conference for the forthcoming Chinese Gevernment both at Home Chemical Engineers Congress but and Abroad.
it is expected that this number will increase to 200 by the time. Manager, the latter opens.
SHOU J. OHEN,
POLISH LOAN
LONDON BULLION
It does not look as if there will be a meeting of the LRRC. prior to that scheduled in the ordinary way for the 25th, instant, and un- tl that takes place it is very dif- ficult to tell how the rubber due to the US.A. under the barter scheme is to be acquired. While this feeling of uncertainty "exists we do not look for much change in the London market.
Movements of Rubber in London and Liverpool for week ending July 8, 1939:-
London: Landed, 432 tons; De-
livered, 1,320 tona: Stock, 41,488
tons, Last year, 60,843 tons.
Liverpool: Landed, 175 tons; De- |livered, 1,004 tons; stock, 20,405
tons;"Last year; 31,624 tons.
New York.-Prices have moved within a range of a few points all week although the slight improve- ment in manufacturers demands bas continued, Estimates of USA. consumption for June. vary be tween 44/46,000 tons and most in- dications at present point to the The P. & O. Liner Comorin car-market remaining In a steady ries species valued at £39,500,"condition. Such condition should
SHIPMENT
London July 21 (Reuter).
Bilver
Bombay. £30,000.
Karachi, £3,300.
LONDON, July 23 (Reuter)-including: Colonel Adam Koc, Polish bank- er and head of the Polish econo- mic mission which is in London. visited the Treasury yesterday.
It is believed that the loan ne- gotiations have signature stage.
reached ..the
Aden, £3,300.
Port Said, £800, Hiafa, £700. Colombo, £500.
HONGKONG SHAREBROKERS'
ASSOCIATION
VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING
July 21, 1839
H.K. Banks
continue pending, the forthcoming meeting of the IRR.C.
LONDON METALS
EXCHANGE London July 21 (Reater)..
COPPER
buyers 2
sellers
ང་
Standard, Cash 42-11/16 42-3/4 Standard,"
3 months 43. 43-1/16 Electrolytie. 48-1/2 40-1/4
TIN Standard, Cash 229-7/8 230 Standard,
225
MONDAY, JULY 24, 1939 PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES":
via SHANGHAI, KOBE, YOKOHAMA and HONOLULU SB. PRESIDENT COOLIDGE" Sails July 29th mà 10:00 AM. SS." PRESIDENT TAFT"
บ
Aug. 12th at 8:00 AM.
88." PRESIDENT CLEVELAND" 8.S." PRESIDENT PIERCE"
++
Aug. 16th at 8.00 AM.
Sept. 9th at 400 P.M.
Sept. 23rd at 9.00 AM.
Oct. 7th at 8,00 A.M.
#
AS. PRESIDENT COOLIDGE S.S." PRESIDENT TAFT"
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON
~ via SURZ
8.8.PRESIDENT MONROE". Sails "July 18th at 19 Noon S.S.PRESIDENT ADAMS "
Aug. 5th at 19 NOON
AND, FORTNIGHTLY THEREAFTER
F.OR MANILA
Sails Aug. 5th at 18 Noon
Aug. 6th at 2.00 A.M.
"
Aug. 19th at 9.00 A.M.
AS PRESIDENT ADAMS" 8.S." PRESIDENT TAFT " S.S. PRESIDENT CLEVELAND 8.S." PRESIDENT HARRISON" 11
Sept. 1st at 12 Nook
AMERICAN PRESIDENT LINES
"ROUND-WORLD SERVICE"
12, PEDDER ST.
THE
TEL. 28171..
CHINA-SIAM
!!
LINE.
HONG KONG-BANGKOK HELLAS" leaving Hong Kong 28th July via Kwangchowwan
HONG KONG-SWATOW-AMOY
1.8.
41.
1st, Aug.
Accepting Passengers & Cargo for all the above mentioned ports. HONG KONG-SINGAPORE-PENANG-BANGOON Regular Express Service HAI HING" leaving Hong Kong
Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available. For freight, passage rates and, all other information—Apply to:
THORESEN & CO., LTD.
General Agents,
Tel. 30237..
1j.
Queen's Building.
THE BEN LINE STEAMERS, LTD.
S.S. "BENRINNES"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or about the 9th August, 1939.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and Passage spply
to the Agents: W. R. LOXLEY & CO., (CHINA) LTD. York Building.
Tel. 34165
SERVICES" "CONTRACTUELS DES
MESSAGERIES. MARITEMERK
CONSIGNEE NOTICE.
8.8. MARECHAL JOFFRE
18*A/99.
BRINGING CARGO, Fiom MARSEILLES via SAIGON, etc.
ARRIVED HONG KONG ON WEDNESDAY, THE 19TH JULY, 1939
SERVICE TO READERS
THE HONG KONG DAILY PRESS, LTD, and the HONG KONG WEEKLY PRESS, through their London Office, at 58, FLEET STREET, E. C. 4, Tel-
ONSIGNEES are aereby informed 3137, are prepared to give
that their goods with the exception
of Opium, Treasure and Valuables are Subscribers
being landed & stored into the Godowns
and Visitors
of the Hong Kong, Kowloon Wharf advice regarding accommoda-
& Godown Co., Ltd, Kowloon, whence
delivery may be obtained immediately tion available, motoring faci- after landing
All claims must be sent in to me on lities,
or before the 29th July, 1933, or
they
will not be recognized.
suitable____ shopping
Damaged Package will be examined centres, etc.
14-13716 by the Company's Surveyor, Möestu,
Union Ins
100
63 $1340.00 to
405.00
$1330.00
Electrics
1250.
54.50 to 54.00%
Hotels
500
5.40
China Lights (0)
600
8.25 to
China Lights (N) Trams
100
5:40
1200
18.00 to
16.55
Cements
500
12.60
Watsons H.K, Docks
1000
8.25
3 months 224-3/4
LEAD 8.10 | Foreign,
Oficial Price 14-5/8 Foreign, Omcial
3 months 14-3/4
SPELTER
14-11/16
100
17.00
Star Ferries
100
64.50
Providents
250
4.40
Wharves
10
104.00
Benguet Consolz
United Paracale
Suyoca
San Mauricio Itogons
North Camarines
500 Ps 10.40 to Ps- 5000. Ps 411
13000 Pa12) to PY
3526 P#93 to Ps. 47500 Pi 24 to Pr
5000 Ps 26
Ordinary,
Official Price 14-1/16 Ordinary, Official.
14-1/8
3 months 14-6/16 14-3/8 Final Afternoon Transactions Tin, Standard, Cash, £230 paid and sellers
Tin, Standard 3 months, £225- 1/4 paid and sellers.
Goddard & Douglas in the presence of If, when at home, they will
the Consignees at 1000 on Tues
day, the 24th July, 1939,
Consignees must have a Beventë
call or telephone to the above
Officer in attendance when any datiable address; they will receive the goods are examined by the Company atmost assistance and the
No Fire insurance, will be effected by latest available information on us in any case whatever,
all subjects of enquiry will be
ROHL
Areas Hong Kong, 19th July, 1959,
1564
placed at their disposal